NEAR: Shallow Correction Possibly Over if $4.80 Holds

Michaël van de Poppe observes that $NEAR executed a liquidity sweep, a standard market move, yet the subsequent bounce ranks among the strongest since the pullback began, implying the correction could prove shallow and may already be complete if price holds $4.80.

Price currently sits at $4.89 above the EMA200 at $4.37 while testing below the EMA50 at $5.1; with RSI(14) at 43.53 remaining neutral and MACD still printing a death cross, the asset trades inside its Bollinger Bands between $4.57 support and $5.48 resistance, so a sustained push above the upper band would likely accelerate momentum once broader market conditions improve.